Asset exchange is a fundamental operation in both traditional finance and the crypto industry. In most cases, it involves intermediaries that coordinate transactions and ensure their execution, but at the same time introduce additional risks. Users are required to transfer control over their funds for the duration of the transaction. At the same time, the infrastructure remains vulnerable to failures, hacks, and operational errors. This issue is particularly acute in the crypto industry, where centralized exchanges and cross-chain bridges are frequent targets for attackers. Against...
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